retired_kathydonatto

If you are a homeowner of course it matters if you are trying to sell a house?? </BLOCKQUOTE>

If you're buying and selling at the same time it doesn't matter; unless you're trading very up, you won't be under any more financial duress. </BLOCKQUOTE>

look, you are wrong.

If the market is static or slow and the cost of borrowing is high then it has a massive influence. Even if you aren't buying and selling at the same time you will still be part of a chain ergo it has a big affect.

retired_kathydonatto

why??? do really think people are going to start selling their homes when the market is low??

retired_chinioti22

If you are a homeowner of course it matters if you are trying to sell a house?? </BLOCKQUOTE>

If you're buying and selling at the same time it doesn't matter; unless you're trading very up, you won't be under any more financial duress. </BLOCKQUOTE>

look, you are wrong.

If the market is static or slow and the cost of borrowing is high then it has a massive influence. Even if you aren't buying and selling at the same time you will still be part of a chain ergo it has a big affect. </BLOCKQUOTE>

It may affect the ease with which he sells the house, but it isn't going to have a massive financial effect. It isn't an investment, he owns the house he lives in; prices and forecasts aren't massively important.

San

why??? do really think people are going to start selling their homes when the market is low?? </BLOCKQUOTE>

Um. What?

People do move houses, yes. And a lot of people will try to sell the instant it looks like the bubble's bursting - and that will potentially be a major contributory factor to the inevitable crash.

I have no idea when it'll come - and I have no idea by quite how much prices will depreciate, or how long it will last.

But I do know this much - anyone who thinks house prices cannot and will not go down are deluding themselves.

retired_bec8643

why??? do really think people are going to start selling their homes when the market is low?? </BLOCKQUOTE>

Do you really think people are going to have a choice ? lots can't afford mortgages so lots of houses get repossessed and the housing market is flooded with houses for sale cheap & no one to buy them because of the unaffordable mortgages.

retired_kathydonatto

If you are a homeowner of course it matters if you are trying to sell a house?? </BLOCKQUOTE>

If you're buying and selling at the same time it doesn't matter; unless you're trading very up, you won't be under any more financial duress. </BLOCKQUOTE>

look, you are wrong.

If the market is static or slow and the cost of borrowing is high then it has a massive influence. Even if you aren't buying and selling at the same time you will still be part of a chain ergo it has a big affect. </BLOCKQUOTE>

It may affect the ease with which he sells the house, but it isn't going to have a massive financial effect. It isn't an investment, he owns the house he lives in; prices and forecasts aren't massively important. </BLOCKQUOTE>

well since the whole question was about the current and future climate of the housing market in SPECIFIC relation to moving home its safe to say he is concerned with the ease he sells his house ffs

Plus it is a lot easier to sell your house when the cost of borrowing is low rather than having gone up 5 or so times in the past year, if you cant sell your house you cant buy another in most cases. So the prices do have a big influence. Some people may be able to afford to borrow 150k or whatever at a fixed rate of 4.75%, change that rate to 6% and the same people may not be able to afford to borrow that much.

look lets just leave it at that, its suffice to say you are out of your depth in this conversation.

retired_therob

why??? do really think people are going to start selling their homes when the market is low?? </BLOCKQUOTE>

Hahaha

retired_kimmymarlo

once the crash comes, people's houses will get foreclosed on.

ergo, cheaper homes.

San

Not in any way authorotqative, but worth a read.

retired_kathydonatto

why??? do really think people are going to start selling their homes when the market is low?? </BLOCKQUOTE>

Do you really think people are going to have a choice ? lots can't afford mortgages so lots of houses get repossessed and the housing market is flooded with houses for sale cheap & no one to buy them because of the unaffordable mortgages. </BLOCKQUOTE>

whether your house price goes up or down has no influence on your mortgage. If my house went down in value it would not affect be one bit, it certainly wouldnt mean I couldnt pay my mortgage. Negative equity only affects those moving.